Like most cryptocurrencies, 2022 began on a tough be aware for Ethereum, which practically halved to $2,200 in January from $4,000 final 12 months. Issues appeared peachy for the world’s second-largest crypto in 2021 as Ether (ETH) traded across the $4,000 mark, and its world market cap rose to $500 billion by the top of the 12 months. Nevertheless, the New 12 months began on a tough be aware for Ethereum, whoch slid to $2,200 odd ranges in January following rate of interest hike indications from the Federal Reserve. Ether has since stabilised and even begun to get well slowly. It’s at the moment buying and selling at round $2,740 on CoinMarketCap.